Rupert Murdoch ’s attempt to buy the long-coveted remainder of pay-TV giant Sky has hit another bump in the road as the UK Government has asked media regulator Ofcom to probe further into the mogul’s company after receiving “new evidence and comments.”
The “new evidence and comments” are said to call into question Fox’s adherence to broadcasting standards after Fox News was accused of collaborating with the White House to publish a story to detract from coverage of the Russia collusion issue.
The government has asked Ofcom to respond by August 25, meaning a final decision on whether the acquisition should be subjected to a full competition probe is likely to come after Parliament’s summer recess in September.
In June, Bradley said she intended to refer Fox’s £11.6B ($14.6B) bid to acquire the 61% of Sky which it does not already own for deeper investigation and gave a July 14 deadline for companies and other parties to weight in.
CMA reviews can take up to six months to complete, meaning if the deal is subjected to a full competition probe, Murdoch’s long-awaited takeover would not happen until 2018.
- The UK Throws Another Wrench in Murdoch's Plan to Buy SkyFortune
- Fox bid for Sky in line for more scrutinyHong Kong Standard (press release)
- Fox News' handling of Seth Rich story could snag British review of Sky dealLos Angeles Times
- Government seeks further advice from Ofcom over Rupert Murdoch's Sky takeover bidPress Gazette
- UK reconsidering Rupert Murdoch's acquisition of Sky News following Seth Rich ...Salon
- UK government asks Ofcom to look into Fox's bid for SkyReuters UK
- Britain asks regulator to take new look at Fox bid for SkyNewburgh Gazette
- UK Government Seeks Advice on 'New Evidence' Concerning Fox's Bid for SkyVariety
- Murdoch's £12bn Sky takeover stalls as Ofcom further scrutinises bidThe Drum